Organic food suppliers said yesterday that the ongoing plasticizers-in-food scare has brought more customers into their stores and boosted sales.
Organic stores, including vegetable shops and restaurants, say they are now catering to more customers since the outbreak of the food safety scare last month.
The snowballing issue started when local food ingredient suppliers Yu Shen Chemical Co (昱伸) and Pin Han Perfumery Co (賓漢) were found to be adding plasticizers to clouding agents, a legal food additive commonly used in sports drinks, fruit jelly, jam, yogurt mix powder and dietary supplements.
To date, more than 100 food manufacturers that were supplied by the two firms have been found to have been using tainted clouding agents in their products, causing panic about the health risks of consuming food containing artificial or chemical substances.
Stores offering organic and natural foods, however, seem to have been benefiting from this.
“Although there has been a slight drop in purchases of health supplements, because some of them have been found to contain contaminated clouding agents, all in all there has been an increase in the sale of general products such as natural juices and vegetables,” said Gary Hsieh (謝建豐), chief executive of Santa Cruz Organic Food (聖德科斯天然有機食品), an organic chainstore with 85 outlets nationwide.
Although Hsieh declined to provide turnover figures, he said the increase in customer numbers is related to rising awareness of the importance of eating healthy foods.
“Customers now choose to buy juices that settle now that they are aware that a well-mixed texture often indicates the use of chemicals in the product,” he said.
Shares of contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) came under pressure yesterday after a report that Apple Inc is looking to shift some orders from the Taiwanese company to Intel Corp. TSMC shares fell NT$55, or 2.4 percent, to close at NT$2,235 on the local main board, Taiwan Stock Exchange data showed. Despite the losses, TSMC is expected to continue to benefit from sound fundamentals, as it maintains a lead over its peers in high-end process development, analysts said. “The selling was a knee-jerk reaction to an Intel-Apple report over the weekend,” Mega International Investment Services Corp (兆豐國際投顧) analyst Alex Huang
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to remain Apple Inc’s primary chip manufacturing partner despite reports that Apple could shift some orders to Intel Corp, industry experts said yesterday. The comments came after The Wall Street Journal reported on Friday that Apple and Intel had reached a preliminary agreement following more than a year of negotiations for Intel to manufacture some chips for Apple devices. Taiwan Institute of Economic Research (台灣經濟研究院) economist Arisa Liu (劉佩真) said TSMC’s advanced packaging technologies, including integrated fan-out and chip-on-wafer-on-substrate, remain critical to the performance of Apple’s A-series and M-series chips. She said Intel and Samsung
TRANSITION: With the closure, the company would reorganize its Taiwanese unit to a sales and service-focused model, Bridgestone said Bridgestone Corp yesterday announced it would cease manufacturing operations at its tire plant in Hsinchu County’s Hukou Township (湖口), affecting more than 500 workers. Bridgestone Taiwan Co (台灣普利司通) said in a statement that the decision was based on the Tokyo-based tire maker’s adjustments to its global operational strategy and long-term market development considerations. The Taiwanese unit would be reorganized as part of the closure, effective yesterday, and all related production activities would be concluded, the statement said. Under the plan, Bridgestone would continue to deepen its presence in the Taiwanese market, while transitioning to a sales and service-focused business model, it added. The Hsinchu
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has approved a capital budget of US$31.28 billion for production expansion to meet long-term development needs during the artificial intelligence (AI) boom. The company’s board meeting yesterday approved the capital appropriation plan for purposes such as the installation of advanced technology capacity and fab construction, the world’s largest contract chipmaker said in a statement. At an earnings conference last month, TSMC forecast that its capital expenditure for this year would be at the higher end of the US$52 billion to US$56 billion range it forecast in January in response to robust demand for 5G, AI and